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The Slingshot Café

Multifunding_Slingshot_buscards_AVERY_BACK_PRINT READYOur blog, The Slingshot Café, is where CEO Ami Kassar gives valuable insights on the current small business trends and how they can impact your business. Read through our blog to learn more about small business loans, financing options and more.

 

Let’s start a collateral exchange

Posted on: October 29, 2010

One of the biggest struggles that small business owners face today when they are looking to borrow money – is coming up with enough collateral. Depreciated real estate values and stock accounts make it tougher and tougher for the small business owner to find the collateral they need to get the loan done.  At MultiFunding,

Bank of America pulls off yet another Small Business P.R. Stunt

Posted on: October 25, 2010

It’s been tough for Bank of America. So far this month, the shares are off 13%.  The reasons include the possibility that the bank will have to buy back billions in fraudulent mortgage loans as well as the adverse impact of new financial regulations. Despite all this, Bank of America is trying to show it

Big Business Crunches Small Business

Posted on: October 13, 2010

We all read countless articles in the media about how banks are cutting off credit to small businesses and curtailing credit. And while we believe this criticism is well due in this economic mess, there is a second crisis that is hardly discussed. Simply put – Fortune 1000 companies are taking longer and longer to

Carlateral – A Story about a Stupid Guy and His Car

Posted on: September 29, 2010

I wanted to sell my 2007 Toyota Camry.  The Kelly Blue Book value was $14,395.  I listed the car on Craig’s List and the phone calls started coming.  John made an appointment to come see the car.  He pulled up in a 2000 Ford Taurus.  He’s was wearing jeans and a golf shirt – looked

B of A, A Friend of Small Business or a Frenemy?

Posted on: September 24, 2010

Greetings from the trade show floor at the Small Business Development Center conference in San Antonio.  We’re down here launching our new site and talking with SBDC counselors about how we can help them educate their clients about loan alternatives and get funded.  We’re in a small booth, and are thrilled to be here. The

It’s Financing, Not Chocolate Milk

Posted on: September 24, 2010

I’m sitting at the MultiFunding booth in the Exhibitor Hall at the ASBDC Conference (Association of Small Business Development Centers), and the image of the Nestle Quik Rabbit jumps into my head.  What?  What would you be thinking about? The rabbit was always in a hurry.  He made chocolate milk quickly and drank it even quicker.  In

Chase’s Lame Attempt to Help Small Business

Posted on: September 22, 2010

You’ve seen the commercial about the guy who calls his credit card company and the phone is answered by Peggy, who is actually a middle-age man.  He’s in a small office – in the middle of Siberia – and is surrounded by many Soviet-style phones. When he gets a call, he can only introduce himself and say “yes” to every question.

Securing an Unsecured Loan

Posted on: September 20, 2010

If you have lots of assets — like real estate, stocks and so on — it is usually pretty easy to get a loan.  The bank will simply have you use your wealth as collateral for the loan.  So, in the event of a default, there should be enough coverage.  Of course, you may lose your home and retirement fund.

Zappos, Happiness and Gross Margins

Posted on: September 19, 2010

In 1999, Tony Hsieh invested in a startup called Zappos.  The vision was to be the dominate e-commerce seller of shoes.  Needless to say, many thought this was a wacky concept – even during the frothy days of the dot-com bubble.  Even Hsieh was unsure.

A Loan Is Not Just A Loan

Posted on: September 18, 2010

While Congress has made attempts to loosen-up the requirements on Small Business Administration (SBA) loans, the paperwork can be torture. But of course, our mission at MultiFunding is to be the ally to the business owner, so we’ve done lots of the grunt work to make the process much smoother and understandable.